The group carried out a detailed review of its buildings, spoke regularly to affected leaseholders and hired professional advisers to aid it in dealing with the the problem, according to the accounts.
“The group supports the actions of the government both to ensure buildings are safe for people to live in them and to implement the recommendations of the 2018 independent review of building regulations and the fire safety report,” they say. Changes in safety laws could leave builders in Britain with an estimated £4 billion bill for work on existing apartment blocks and other structures that do not meet the new standards.
The company had sold property to another group business in the 12 months to March 31st, 2020, more than doubling its turnover as a result.
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